Agilysys, Inc. $AGYS Stock Holdings Lowered by Fifth Third Bancorp

Fifth Third Bancorp reduced its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,836 shares of the software maker’s stock after selling 172 shares during the quarter. Fifth Third Bancorp’s holdings in Agilysys were worth $669,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AGYS. Nuveen LLC acquired a new stake in shares of Agilysys during the first quarter valued at approximately $80,730,000. Riverbridge Partners LLC purchased a new position in Agilysys during the first quarter valued at approximately $32,913,000. Conestoga Capital Advisors LLC grew its position in Agilysys by 105.2% during the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker’s stock valued at $53,030,000 after purchasing an additional 374,800 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Agilysys during the first quarter valued at approximately $16,343,000. Finally, Wellington Management Group LLP grew its position in Agilysys by 99.3% during the first quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker’s stock valued at $28,216,000 after purchasing an additional 193,812 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity

In other news, SVP Kyle C. Badger sold 326 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the transaction, the senior vice president owned 114,791 shares in the company, valued at approximately $13,016,151.49. This represents a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William David Wood III sold 321 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,398.19. Following the completion of the transaction, the chief financial officer owned 47,288 shares of the company’s stock, valued at approximately $5,361,986.32. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 905 shares of company stock worth $102,618. 8.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Cantor Fitzgerald started coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 target price for the company. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $121.57.

Agilysys Price Performance

NASDAQ:AGYS opened at $104.66 on Monday. The stock has a market cap of $2.93 billion, a P/E ratio of 209.32 and a beta of 0.64. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company has a fifty day moving average price of $109.68 and a 200 day moving average price of $98.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 21st. The software maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. Agilysys’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. Agilysys has set its FY 2026 guidance at EPS. Analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

About Agilysys

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.